Home / BusinessNews / CVS Health closes in on deal to buy health insurer Aetna: WSJ

CVS Health closes in on deal to buy health insurer Aetna: WSJ



(Reuters) – CVS Health Corp (CVS.N) is moving closer to a deal to buy health insurer Aetna Inc (AET.N) for more than $66 billion in cash and stock, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

FILE PHOTO: The CVS logo is seen at one of their stores in Manhattan, New York, U.S., August 1, 2016. REUTERS/Andrew Kelly/File Photo

The companies are in advanced stages of negotiating a deal that would value Aetna at between $200 and $205 per share and would be comprised mainly of cash, the Journal said. (on.wsj.com/2j5V1yn)

The deal could be could be announced by Monday, the WSJ said.

Both the companies were not immediately available for comment.

Reporting by Ankur Banerjee in Bengaluru; Editing by Savio D’Souza

Our Standards:The Thomson Reuters Trust Principles.

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